Optical Coherence Tomography Angiography Equipment Market is expected to reach US$ 616.31 million by 2028

Tabletop Type Segment to Lead Market during 2021–2028

According to our new research study on "Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User," the market is expected to grow from US$ 388.50 million in 2021 to US$ 616.31 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028. The report highlights trends prevailing in the optical coherence tomography angiography equipment market and factors driving its growth. The rising prevalence of eye-related disorders and a surge in the geriatric population propel the demand for optical coherence tomography angiography equipment. However, the lack of skilled professionals and technical challenges associated with systems hamper the optical coherence tomography angiography equipment market growth.

Based on type, the optical coherence tomography angiography equipment market is bifurcated into tabletop type and handheld type. The tabletop segment held a larger market share in 2021 and is expected to retain its dominance during the forecast period. Moreover, the handheld segment is estimated to register a higher CAGR during the forecast period. Most current angiography equipment are tabletop systems that are typically used for imaging compliant, seated subjects. However, this type cannot be applied for imaging crucial patient populations—including bedridden patients, patients undergoing surgeries in operating rooms, young children in clinics, and infants in intensive care nurseries. Tabletop OCT angiography systems have delivered reproducible results in clinical and research studies, but these systems cannot be easily utilized for pediatric applications. Therefore, handheld OCT systems have been used to bring the point-of-care feature for imaging these patient populations, for detecting retinopathy or prematurity ROP.

Impact of COVID-19 Pandemic on Optical Coherence Tomography Angiography Equipment Market

The COVID-19 pandemic has adversely affected various industries, such as manufacturing and healthcare, and its long-term repercussions are expected to hamper the healthcare industry growth during the forecast period. Due to the rising number of cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. Suspended business activities hindered the growth of economies, and reduced capital expenditures and investments in high-ticket machines. Many of these investments were canceled or postponed, resulting in a cascade of hospital medical equipment purchases. Many non-essential, elective medical treatments and surgeries were postponed, rescheduled, or canceled amid the COVID-19-related restrictions in various regions of the world, which lowered the demand for angiography equipment in 2020. However, this global crisis has led to the increased demand for accurate diagnoses and treatments in North America.

Several players in the optical coherence tomography angiography equipment manufacturing market engage in meeting the growing demands for imaging solutions. NIDEK CO., LTD.; Carl Zeiss AG; OPTOVUE INCORPORATED; Canon, Inc.; OPTOPOL TECHNOLOGY SP. Z.O.O; Alcon Inc.; Michelson Diagnostics Ltd.; Topcon Corporation; SANTEC Corporation; and HEIDELBERG ENGINEERING GMBH are among the leading companies operating in the optical coherence tomography angiography equipment market.

The report segments the optical coherence tomography angiography equipment market as follows:

The optical coherence tomography angiography equipment market has been segmented on the basis of type and end user. Based on type, the optical coherence tomography angiography equipment market is segmented into handheld type and tabletop type. Based on end user, the optical coherence tomography angiography equipment market is segmented into hospitals, clinics, and others. By geography, the optical coherence tomography angiography equipment market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East and Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East and Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).